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Upgrade Alert for Seadrill (SDRL)
[March 05, 2013]

Upgrade Alert for Seadrill (SDRL)

Mar 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Seadrill (NYSE:SDRL) was upgraded from Neutral to Overweight at HSBC today. The stock closed yesterday at $36.82 on volume of 1.9 million shares, below average daily volume of 2.2 million. Seadrill Ltd. provides contract drilling services. The Company's fleet includes semisubmersible rigs and jackup rigs.

Seadrill (NYSE:SDRL) has potential upside of 15.8% based on a current price of $36.82 and analysts' consensus price target of $42.65. The stock should run into initial resistance at its 50-day moving average (MA) of $37.90 and subsequent resistance at its 200-day MA of $38.06.

Seadrill share prices have moved between a 52-week high of $41.95 and a 52-week low of $31.37 and closed yesterday at 17% above that low price at $36.82 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.


SmarTrend is monitoring the recent change of momentum in Seadrill. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Seadrill in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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